New chairman of Bank of Azerbaijan appointed

New chairman of Bank of Azerbaijan appointed
# 01 December 2008 12:51 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Khayal Sherifzade has been appointed as Chairman of the Management Board of Bank of Azerbaijan.
Prior to this, Khayal Sherifzade had been chairman of the audit committee and then deputy chairman of the bank.
Khayal Sherifzade succeeds Muslim Mursalov in this port. There is no information about whether the latter was appointed to a new job.
As of October 1, Bank of Azerbaijan’s assets stood at AZN 110.384 million, loan portfolio at AZN 90.121 million, deposit portfolio at AZN 42.503 million, total capital at AZN 20.684 million and authorized capital at AZN 14.635 million.
Owned by NEM Holding and two individuals, Bank of Azerbaijan has been in operatin since 1993. The bank operates 18 branches, 35 bureaux de change, 22 ATMs and 122 POS-terminals.
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THE OPERATION IS BEING PERFORMED